Prediction markets inch closer to the Supreme Court: State of Crypto
New Jersey petitioned for a writ of certiorari in Kalshi’s case against it last week, finally throwing the ball to the high court.
Court
Kalshi takes legal blow in court ruling confirming state powers over prediction markets
This latest U.S. appeals court ruling sets up a rift between federal courts on event contracts, suggesting the U.S. Supreme Court may need to settle the matter.
U.S. CFTC moves to stop Kalshi from canceling trades as ordered by Michigan court
The U.S. Commodity Futures Trading Commission threw itself in between Michigan courts and prediction market firm Kalshi on Tuesday, issuing an order to disallow the company from meeting a local court demand that it cancel previous customer transactions. The CFTC move amplifies its legal fight… Read More
OKX, MetaMask, Matter Labs back dispute resolution court for AI agents
A group of crypto and Web3 firms that includes OKX, MetaMask, Matter Labs and Genlayer have formed the “Internet Court” to reach dispute resolutions between AI agents. These days, AI agents negotiate and pay one another without humans in the loop, but as with human-to-human… Read More
Trump praises prediction markets, defends CFTC as court cases compound
U.S. President Donald Trump said it was “critically important” that the CFTC keep “exclusive authority” over prediction markets, echoing CFTC Chair Michael Selig in a post on Truth Social, his social media platform, late Tuesday afternoon. “Under my leadership, we are setting ‘rules of the… Read More
Aave asks court to block $71 million crypto seizure tied to North Korea claims
Leading decentralized lending platform Aave has asked a U.S. federal court to block an attempt by victims of North Korean terrorism to seize about $71 million in crypto frozen after last month’s rsETH-related exploit, escalating a dispute that has already split Arbitrum’s governance. The filing,… Read More